77 million dollar fund established for Nevada air race crash victims

Reno National Championship Air Races have established a 77 million dollar fund established for Nevada air race crash victims to be distributed to those who suffered injuries or lost family members in last year’s crash in Nevada.

A modified World War II P-51 Mustang crashed in front of VIP boxes last September at the Reno air races, killing 11 people and injuring about 70 others.

The Reno Air Racing Association Accident Compensation Fund Program (the “Program”) has been implemented as an economical, efficient and timely alternative to litigation to create a process for allocation and distribution of the limited funds available to compensate spectators (or legal heirs of a deceased spectator) who were killed or injured at the National Championship Air Races in Reno, Nevada on September 16, 2011. The Program will be administered and overseen by an independent mediator, Kenneth Feinberg, as the Compensation Fund Administrator. Information about Mr. Feinberg’s credentials and experience managing and overseeing limited fund distributions in mass disaster scenarios may be found at www.feinbergrozen.com.

The Program has been created to provide compensation to those who were killed or injured as a result of the accident from a limited available fund of approximately $77 million. The Program is designed to provide eligible claimants prompt compensation while avoiding the costs and delays associated with litigation. The Program will not involve determinations as to liability, and by offering this Compensation Fund Program, neither RARA nor any of the Released Parties admit any liability, nor will they offer or present any evidence to contest their liability. Rather the Program will focus exclusively on the damages suffered by claimants and how to compensate them.

There are using a system similar to the one that was enacted for victims of 9-11.

There are links on the website that answer frequently asked questions faqs) and also link to complete and submit a claim form.

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